Managers of Wealth Africa

Namibia’s President Hage Geingob dies in hospital

1st elected president in 2014, Geingob was Namibia’s longest serving PM, 3rd president

Online marketing: Platform links businesses to influencers to boost sales

Merchants sign up on the website and upload listings of the products and services they intend to sell, just as in the conventional online marketplaces.

South Africa just puttering along

This aligns with the International Monetary Fund, which dropped its growth outlook for South Africa in 2024 from 1.8% to 1.0%.

Germany is tapping skilled South Africans to fill these 20 jobs – with one paying up to R2.5 million

Projections indicate that by 2035, Germany’s ageing population will face a shortage of 7 million skilled workers.

SA banks are not involved in funding Hamas – Godongwana

Minister welcomes Absa’s move to open an office in the Chinese capital, Beijing.

Why is Africa Struggling with Banking?

The prospect of having a bank account fueled my excitement as it promised to be the gateway to financial possibilities.

Work from home not going anywhere in South Africa

While some employers encourage a full return to the office

African debt crisis emerges as top risk for lenders, warns outgoing Nedbank CEO

The debt crisis looms large, impacting economies and financial institutions across the continent.

More pain for retailers in South Africa

Retail trade sales declined 0.7% in the three months ending November 2023 compared to the same period last year.

The worst-case 2024 election result that could push the rand over R21 to the dollar

Local issues appear to be the main culprit behind the rand’s weakness

UBA’s N1Trillion Capitalisation: A Pinnacle of Financial Success

This is because on Monday, the bank, joined the elite group of companies with a market capitalisation of over N1tn just as its share price value hit N29.90 per share.

Ghana commences survey on business establishment

The goal of the exercise is to produce an updated statistical business register and generate important data for national development.

What South Africans should look out for in 2024 – from interest rates to elections

Across the globe, questions still remain if high inflation will be brought down to normal levels.

More multinationals may exit Nigeria in 2024

The report read in part, “In 2024, we expect companies to continue to re-imagine their operational strategies to achieve cost efficiency.

Rising drivers of headline inflation

The higher inflation reading was mainly driven by elevated food inflation, which increased by 132bps to 32.84% y/y.

A m/m rise in fx inflow in Aug ‘23

Underscoring the m/m rise in fx inflow was an increase of 17% q/q in fx revenues from autonomous sources to USD3.3bn.

High debt, inflation to limit Nigeria’s economic growth – UN

It noted that efforts to increase “in-country oil refining capacity would likely reduce domestic fuel costs in 2024 and beyond.”

Areas with the most expensive rent in South Africa

The report also noted that many South Africans are likely to continue renting instead of buying amid the cost of living crisis.

Ghanaians turned to savings in foreign currency to protect investments – KPMG Survey

Thirty-five percent of respondents indicated savings and investments as one of their top priorities - the third highest, highlighting a resilient savings behavior despite economic pressures.

Your funds are safe in banks, CBN assures depositors

“Bank customers are therefore advised to proceed with their banking transactions as usual, as there is no cause for concern.”

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